Drill rig at Silver Cliff. Photo: viscountmining.com
DDAmanda Research | Special Report
Two 100%-owned, district-scale exploration projects: the near-surface Kate silver deposit and Passiflora copper-gold porphyry at Silver Cliff, Colorado, plus the multi-metal Cherry Creek district in Nevada.
TSX-V: VML | OTCQX: VLMGF
Drill rig at Silver Cliff. Photo: viscountmining.com
Photo: viscountmining.com
Two 100%-owned projects in mining-friendly Colorado and Nevada: Silver Cliff (the Kate silver deposit and the Passiflora copper-gold porphyry) and Cherry Creek, a multi-metal district. Both sit within large, underexplored land positions inside historic mining districts, with paved road access and established local infrastructure — giving Viscount direct exposure to silver, copper, gold and tungsten, all metals prioritized under U.S. domestic critical-minerals policy.
The company reports it is fully funded for its 2026 program: an oversubscribed financing has closed, the OTCQX up-listing is complete, and active drilling and resource work is underway across both districts.
The Investment Case
Near-Surface Silver Leverage at Kate, Paired With District-Scale Copper-Gold Porphyry Upside at Passiflora and Multi-Metal Optionality at Cherry Creek
Viscount Mining Corp. (TSX-V: VML | OTCQX: VLMGF) is a Vancouver-based exploration company with two 100%-owned, district-scale land positions in mining-friendly Colorado and Nevada. At Silver Cliff, Colorado, the Kate deposit hosts an existing NI 43-101 resource of approximately 24.5 million ounces of silver, with a 2026 core drill program completed and an SLR Consulting cut-off re-analysis underway using current silver prices. Roughly two kilometres away, discovery hole PF-03A at the Passiflora target intersected 843.9 metres of continuous copper-gold porphyry mineralization, and a deep Quantec Titan MT geophysical survey mapped a large conductive anomaly the company compares in scale to early-stage porphyries that became major mines. In Nevada, the Cherry Creek district covers a consolidated, multi-metal land package with more than 20 past-producing mines and an active 2026 tungsten evaluation program. The company reports it is fully funded for its 2026 exploration program following an oversubscribed financing and warrant exercises, with management and insiders holding approximately 60% of shares outstanding. As an exploration-stage company, Viscount has no revenue from mining operations, and its key near-term catalysts — pending Kate assay results, the SLR resource re-analysis, and further Passiflora and Cherry Creek drilling — carry the execution and geological risk typical of the sector.
Sources: Viscount Mining Q3 2026 Investor Presentation (as of 6-Aug-26), viscountmining.com, StockAnalysis, Yahoo Finance. Dilutive securities reflect 10.0M options and 8.0M warrants; in-the-money status not independently confirmed. Converted at C$1 = US$0.7138.
Exposed silver vein at Silver Cliff. Photo: viscountmining.com
Silver Cliff sits in the historic Hardscrabble Silver District, approximately 44 miles WSW of Pueblo, Colorado, with year-round paved road access. The property covers 96 lode claims across approximately 938 hectares; high-grade silver, gold and base-metal production came from numerous underground mines between 1878 and 1894. The Kate deposit is a shallow epithermal system supporting conceptual open-pit development, and remains open for expansion following a ten-hole 2026 core drill program (assays pending). SLR Consulting was engaged in April 2026 to re-analyze cut-off grades using current silver pricing.
| Category | Tonnes | Grade (g/t Ag) | Contained Ag (oz) |
|---|---|---|---|
| Measured | 673,200 | 73 | 1,578,000 |
| Indicated | 3,419,040 | 70 | 8,697,000 |
| Measured + Indicated | 4,092,240 | 71 | 10,275,000 |
| Inferred | 8,981,440 | 52 | 14,215,000 |
Current NI 43-101 resource; SLR Consulting review and re-analysis of cut-off grades in progress, results pending. Not all figures may sum exactly due to rounding. Source: Viscount Mining Q3 2026 Investor Presentation.
Mineralization observed in drill core is a visual estimate only, not a substitute for laboratory assay results.
Cross section through line L1E showing resistivity to a depth of ~2,400m. Figure: viscountmining.com
Discovery hole PF-03A intersected 843.9 metres of continuous copper-gold porphyry mineralization at 0.214% CuEq, including higher-grade zones of 189m at 0.326% CuEq and 45m at 0.417% CuEq. Reported grades exceed the roughly 0.15% CuEq typical of early-stage porphyry discoveries that later became world-class operations. Mineralization is open in all directions and at depth, with copper grades improving toward the bottom of the hole. In a company interview, management described this as the largest continuous gold intercept it is aware of in U.S. history — a company characterization that has not been independently verified by DDAmanda.
A deep-penetrating MT survey by Quantec Geoscience delineated a major conductive anomaly from approximately 400m to 1,500m depth, spanning roughly 1.4km (SW-NE) by at least 700m in width and open to the northwest, representing a total volume of more than 665 million cubic metres. Quantec has previously done geophysical work for major miners including Newmont, Barrick, Agnico Eagle and First Majestic. The Company describes the anomaly's scale and geometry as comparable to early-stage porphyries that became world-class operations, such as New Afton. Geophysical anomalies of this kind are not a direct measure of mineralization.
Interpretation of Titan MT survey data as verified by Quantec Geoscience; geophysical anomalies are not a direct measure of mineralization. Source: Viscount Mining Q3 2026 Investor Presentation; Big Biz Show interview, August 2026.
Photo: viscountmining.com
Cherry Creek encompasses a district-scale land position of 219 unpatented and 9 patented claims, plus mill rights, in the historic Cherry Creek Mining District of White Pine County, approximately 50 miles north of Ely, Nevada. The consolidated land package hosts more than 20 past-producing mines, supported by established infrastructure. Historically, the district has produced silver, gold and tungsten from veins and skarns, alongside well-developed carbonate replacement deposit (CRD) mineralization. The geological framework also supports copper and molybdenum potential, interpreted to be related to porphyry-style systems at depth that may underlie the historic vein networks.
Source: Viscount Mining Q3 2026 Investor Presentation.
Completed
In Progress
Upcoming
Source: Viscount Mining Q3 2026 Investor Presentation.
Source: Viscount Mining Q3 2026 Investor Presentation. Federal program engagement is preliminary; no funding, contract or partnership has been announced.
Source: Viscount Mining Q3 2026 Investor Presentation. Scientific and technical information in the underlying presentation has been reviewed by Harald Hoegberg, P.Geo., an independent Qualified Person as defined under NI 43-101.
Company Website: viscountmining.com
SEDAR+ Filing History: All VML Filings (SEDAR+)
OTCQX Profile: VLMGF on OTC Markets
Viscount Contact: Jim MacKenzie, President & CEO — jim@viscountmining.com — info@viscountmining.com
Presentation Source: Doc's Consulting Ltd. — +1 (604) 278-4656 — Craig Doctor
Summary
Viscount Mining, trading around C$0.32 with a fully-diluted market cap of approximately C$48.9 million as of August 6, 2026, offers exploration-stage exposure to two 100%-owned U.S. projects: the near-surface, NI 43-101-defined Kate silver deposit (approximately 24.5 million ounces measured, indicated and inferred) and the district-scale Passiflora copper-gold porphyry, where discovery hole PF-03A intersected 843.9 metres of continuous mineralization within a large Titan MT geophysical anomaly. The multi-metal Cherry Creek district in Nevada adds further optionality, including an active 2026 tungsten evaluation program. The company reports it is fully funded following an oversubscribed 2026 financing and warrant exercises, with insiders holding roughly 60% of shares outstanding. As with any exploration-stage miner, Viscount generates no operating revenue, and its most significant upside — the Passiflora porphyry and Titan MT anomaly — remains an exploration target rather than a defined resource. Investors should weigh the near-term silver catalysts (pending Kate assays, the SLR resource re-analysis) and district-scale porphyry optionality against the financing, dilution, permitting and commodity-price risks inherent to junior mining exploration.
Disclaimer: This report is for informational and educational purposes only and does not constitute investment advice. It is not to be considered as an offer to buy or sell securities of any type. Exploration-stage mining stocks are highly speculative and carry significant risk of total loss, including the risk that current exploration targets never become an economic resource. Viscount Mining Corp. is a pre-revenue exploration company. Unless otherwise stated, historical exploration information referenced in this report is not compliant with NI 43-101 and has not been independently verified by a Qualified Person; scientific and technical information has been reviewed by Harald Hoegberg, P.Geo., an independent Qualified Person as defined under NI 43-101. This report draws on Viscount Mining's Q3 2026 investor presentation, distributed by Doc's Consulting Ltd. of Richmond, BC, and a company-arranged media interview; Doc's Consulting Ltd. states it is not a registered securities dealer or advisor. DDAmanda has not independently confirmed whether Doc's Consulting Ltd. or Viscount Mining Corp. compensates DDAmanda or any related party for this coverage; readers should independently verify this before relying on the report. Always do your own due diligence and consult with a licensed financial advisor before making investment decisions. Data current as of August 22, 2026.